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1.
Josep Maria Arauzo Carod Daniel Liviano Solís Mònica Martín Bofarull 《Small Business Economics》2008,30(1):73-84
This paper explores the effects of new business formation on employment growth in Spanish manufacturing industries. New firms
are believed to make an important contribution to economic growth but the extent of this contribution is unclear. We consider
time lags of new firm formation as explanatory variables of employment change and identify how long the effect of new firm
entries on employment lasts. Our main results show that the effects of new business formation are positive in the short term,
negative in the medium term and positive in the long term, thus confirming the existence of indirect supply-side effects found
in similar studies for other countries.
相似文献
Josep Maria Arauzo CarodEmail: |
2.
The effects of new firm formation on regional development over time: The case of Great Britain 总被引:1,自引:0,他引:1
This paper re-examines the link between new firm formation and subsequent employment growth. It investigates whether it is
possible to have the wrong type of entrepreneurship—defined as new firm formation which leads to zero or even negative subsequent
employment growth. It uses a very similar approach to that of Fritsch and Mueller (Regional Studies, 38(8), 961–976, 2004),
confirming their findings that the employment impact of new firm formation is in three discrete phases. Then, using data for
Great Britain, the paper shows the employment impact of new firm formation is significantly positive in the high-enterprise
counties of Great Britain. However, for the low-enterprise counties, it shows that new firm formation has a negative effect
on employment. Of the 15 low-enterprise regions, eight are Scottish (of nine Scottish regions in our data base) and three
are North East Counties (of four). Our findings imply that having the “wrong type of entrepreneurship” is indeed possible.
相似文献
Pamela MuellerEmail: |
3.
Firm growth in industrial clusters of the United Kingdom 总被引:1,自引:0,他引:1
This article examines how firm growth is influenced by the strength of the industrial cluster in which the firm is located.
It presents econometric estimates of firm growth for 56 two-digit industries in the UK. In about half of these industries,
there is a positive and statistically significant association between firm growth and own-sector employment. Significant associations
between firm growth and other-sector employment are less common, but where these arise they are generally negative. We find
that a weak rule of thumb applies in most industries: own-sector effects are positive or insignificant, while other-sector
effects are negative or insignificant. Cluster effects are strongest in manufacturing, manufacturing-related, and infrastructure,
but weaker in services.
相似文献
Catherine BeaudryEmail: |
4.
Much of the theoretical work on industry dynamics focuses on the role of ‘noisy’ selection and incomplete information on firm
entry and survival. We extend this research by looking at the impact of firm heterogeneity on employment effects for 320 U.S.
Metropolitan Statistical Areas (MSA). We find that only start-ups with greater than 20 and less than 500 employees have persistent
employment effects over time and only in large diversified metropolitan regions. Therefore, both the type of entry (Gazelles)
and the characteristics of the region are important for employment growth.
相似文献
Pamela MuellerEmail: |
5.
The article analyses the relationship between succession and firm performance. Applying a non-parametric matching approach
on a panel of roughly 4,000 Austrian family firms we evaluate the impact of actual (past) succession as well as planned (future)
successions on employment growth. Analysing succession plans, we do not find a significant difference in employment growth
between firms that plan to transfer the firm in the next 10 years and those who do not. In contrast, past succession exerts
a significant and positive employment growth effect, which becomes stronger over time.
相似文献
Denise Sandra DiwischEmail: |
6.
The effect of new business formation on regional development over time: the case of Germany 总被引:6,自引:0,他引:6
We investigate the effects of new business formation on employment change in German regions. A special focus is on the lag-structure
of this effect and on differences between regions. The different phases of the effects of new business formation on regional
development are relatively pronounced in agglomerations as well as in regions with a high-level of labor productivity. In
low-productivity regions, the overall employment effect of new business formation activity might be negative. The interregional
differences indicate that regional factors play an important role.
相似文献
Pamela MuellerEmail: |
7.
This paper examines the relationship between new firm formation and regional employment change in The Netherlands. Using a
new regional data base for the period 1988–2002, we examine the time lags involved in the relationship. We also investigate
whether the relationship differs by sector and by degree of urbanization. We find that the maximum effect of new businesses
on regional development is reached after about 6 years. Our results also suggest that the overall employment impact of new-firm
start-ups is positive but that the immediate employment effects may be small in The Netherlands. Furthermore, we find that
the employment impact of new firms is strongest in manufacturing industries and that the employment impact of new firms is
stronger in areas with a higher degree of urbanization.
相似文献
André van StelEmail: |
8.
Many Continental European countries recently reformed their bankruptcy legislations to stimulate reorganization and firm survival.
We show that the Belgian 1997 bankruptcy code reform, which implemented several international best practice recommendations,
significantly reduced aggregate small and micro business bankruptcy rates. However, using distributed lag models to control
for the relationship between bankruptcy rates and macroeconomic variables such as real GDP growth, consumer confidence, inflation,
etc., we find that the new code’s impact is not the same for all types of companies. Specifically, while the beneficial effect
of the reform is largely similar between small firms (i.e. stock corporations) and micro firms (i.e. partnerships), it is
only significant in certain industries (manufacturing and trade). Overall, our results indicate that especially the measures
taken to limit domino bankruptcy effects are likely to have had a substantial impact. Our findings have several policy implications
for the evaluation and modification of the bankruptcy system.
相似文献
Cynthia Van HulleEmail: |
9.
Effect of credit guarantee policy on survival and performance of SMEs in Republic of Korea 总被引:1,自引:1,他引:0
This study evaluates the effect of credit guarantee on SMEs at the firm level. To estimate the effect of credit guarantee,
we analyze relations between credit guarantee, the survival of guaranteed firms, and their productive performance. The result
indicates that credit guarantee frequency enabled guaranteed firms to achieve good performances in general. On the contrary,
the effect of guarantee amounts is ambiguous in that there is difference between the contemporary effect and the lagged effect.
Therefore, we conclude that credit guarantee satisfied partially its goal to alleviate SMEs’ difficulty in acquiring finance
and to stabilize employment.
相似文献
Almas HeshmatiEmail: Email: |
10.
The paper examines the impact of Foreign Direct Investment (FDI) on the survival of business start-ups. FDI has potential
for both negative displacement/competition effects as well as positive knowledge spillover and linkage effects on new ventures.
We find a net positive effect for the whole dataset. However, a major contribution of the paper is to outline and test an
argument that this effect is likely to be comprised of a net negative effect in dynamic industries (high churn: firm entry
plus exit relative to the stock of firms) alongside a net positive effect in static (low churn) industries. We find evidence
to support this view. The results identify new effects of globalisation on enterprise development with associated challenges
for industrial policy.
相似文献
Andrew BurkeEmail: |
11.
The roles of R&;D in new firm growth 总被引:2,自引:0,他引:2
Innovative start-ups are an important driver of economic growth. This article presents empirical evidence on the effects of
research and development (R&D) on new product development, interfirm alliances and employment growth during the early life
course of firms. We use a dataset that contains a sample of new firms that is representative of the whole population of start-ups.
This dataset covers the first 6 years of the life course of firms. It is revealed that R&D plays several roles during the
early life course of high-tech as well as high-growth firms. The effect of initial R&D on high-tech firm growth is through
increasing levels of interfirm alliances in the first post-entry years. R&D efforts enable the exploitation of external knowledge.
Initial R&D also stimulates new product development later on in the life course of high-tech firms, but this does not seem
to affect firm growth. R&D does not affect the growth rate of new low-tech firms, which seem to be driven mainly by the growth
ambitions of the founding entrepreneur. The results show that R&D matters for a limited but important set of new high-tech
and high-growth firms, which are key in innovation and entrepreneurship policies.
相似文献
Karl WennbergEmail: |
12.
The relationship between distribution coverage and market share for an incumbent brand and for new entrants in the ready-to-drink
iced tea market during its growth phase is explored using state space diagrams. This graphical visualization method was originally
developed to disentangle lead–lag relationships between short nonstationary time series, a situation in which standard econometric
methods have difficulty. In this research we show the usefulness of this method for long time series in offering complementary
insights to econometric models, in providing a simple and managerially useful tool, and in conducting exploratory data analysis
to guide subsequent modeling decisions. In the ready-to-drink iced tea market, usage of this method shows that during introduction
of new brands and growth of the category, demand leads distribution, but that as the market matures, the dominant incumbent
can defend with a distribution-leading-demand dynamic. Further, distribution coverage eventually becomes relatively stable
so that short term fluctuations in demand (probably due to responses to promotion) have minimal impact on distribution.
相似文献
Charles B. WeinbergEmail: |
13.
Richard J. Arend 《Small Business Economics》2009,33(2):189-206
We analyze how an incumbent defends its competitive advantage with a focus on the under-examined methods of actively defending
against the threats posed by rival innovation. We describe, delineate and analyze the set of such defenses and their likely
effects. The set of such defenses differs substantially from many standard defenses, such as those aimed at defeating the
threat of imitation. The further study of these pre-emptive innovation defenses is important because these defenses are different
and because they can substantially affect the sustainability of firm profits and the pace of different of types of innovation.
相似文献
Richard J. ArendEmail: |
14.
We provide evidence on the influence of expectations and network effects on the timing of technological adoption. By considering
a sample of SMEs operating in Italy, we focus on the determinants of their decision to adopt Fast Ethernet, a communication
standard for Local Area Networks (LANs). We find that both expectations and network effects significantly affect the timing
of adoption. In particular, price expectations generally tend to delay adoption and (indirect) network effects in the form
of backward compatibility as well as informational spillovers tend to foster adoption. Firm size also matters.
相似文献
Nicoletta CorrocherEmail: |
15.
In this paper, we consider third-degree price discrimination in two markets in the presence of asymmetric consumption externalities;
we establish that under plausible conditions, a firm reduces its price in the market with low price elasticity of demand.
The firm can increase its profits by reducing the price for these consumers and enlarging the demand for other consumers,
provided that positive consumption externalities exist. Moreover, we show that third-degree price discrimination enhances
not only the firm’s profit but also total consumer surplus.
相似文献
Tatsuhiko NariuEmail: |
16.
Michael Fritsch 《Small Business Economics》2008,30(1):1-14
This paper gives an overview of the empirical research on the effects of new business formation on regional development and
introduces the contributions to this special issue. The effects of new businesses on regional development emerge over a longer
time-period of up to ten years. A main focus of the contributions to this special issue is on the distribution of these effects
over time and on the magnitude of the overall effect. While the basic pattern found for the different countries and regions
is quite similar, the magnitude of the overall effect can be different and may even be negative. There are strong indications,
that the type of entrants plays an important role in this respect.
相似文献
Michael FritschEmail: |
17.
The death of firms: exploring the effects of environment and birth cohort on firm survival in Sweden 总被引:1,自引:0,他引:1
Marcus Box 《Small Business Economics》2008,31(4):379-393
This paper investigates the death of firms and seizes a long-term perspective. It investigates the life spans of nearly 2,200
firms in seven birth cohorts of Swedish joint-stock companies, founded during seven separate years between 1899 and 1950.
Research has traditionally emphasized individual- and micro-oriented factors in explaining post-entry performance, or has
often focused on the influence of firm-specific structural factors (firm age and size). A less attended field recognizes environmental
forces. This paper focuses on the interaction between the micro and macro levels, and combines structural and environmental
factors. Employing a cohort approach, it relates firm survival to firm age and size, as well as to the effect of cohort affiliation
and environmental change over time (period effects). During macroeconomic expansion, the risk of death decreases. Cohort effects
are also evident. Firms founded during times of economic crisis exhibit lower survival rates. Consequently, cohort affiliation
and environmental forces, i.e. period effects, can explain differences in death rates in different firm populations.
相似文献
Marcus BoxEmail: |
18.
Scott Shane 《Small Business Economics》2009,33(2):141-149
Policy makers often think that creating more start-up companies will transform depressed economic regions, generate innovation,
and create jobs. This belief is flawed because the typical start-up is not innovative, creates few jobs, and generates little
wealth. Getting economic growth and jobs creation from entrepreneurs is not a numbers game. It is about encouraging the formation
of high quality, high growth companies. Policy makers should stop subsidizing the formation of the typical start-up and focus
on the subset of businesses with growth potential. While government officials will not be able to “pick winners,” they can
identify start-ups with a low probability of generating jobs and enhancing economic growth. By eliminating incentives to create
these low probability companies, policy makers can improve the average performance of new businesses.
相似文献
Scott ShaneEmail: |
19.
The influence of risk aversion on the decision to become self-employed is a much discussed topic in the entrepreneurial literature.
Conventional wisdom asserts that being an entrepreneur means making risky decisions; hence more risk-averse individuals are
less likely to become entrepreneurs. In contrast to previous research, we are able to examine empirically whether the decision
of starting a business is influenced by objectively measurable risk attitudes at the time when this decision is made. Our results show that in general, individuals with lower risk aversion are more likely to become
self-employed. Sensitivity analysis reveals, however, that this is true only for people coming out of regular employment,
whereas for individuals coming out of unemployment or inactivity, risk attitudes do not seem to play a role in the decision
process.
相似文献
Alexander S. KritikosEmail: |
20.
Thomas J. Steenburgh 《Quantitative Marketing and Economics》2008,6(3):235-256
This article addresses the question of whether lump-sum bonuses motivate salespeople to work harder to attain incremental
orders or whether they induce salespeople to play timing games (behaviors that increase incentive payments without providing
incremental benefits to the firm) with their order submissions. We find that lump-sum bonuses primarily motivate salespeople
to work harder—a result that is consistent with the widespread use of bonuses in practice, but that contradicts earlier empirical
work in academics.
相似文献
Thomas J. SteenburghEmail: |